May.08 -- Covid-19 brought the global economy to a screeching halt. One industry hit hard and fast is oil. The coronavirus, oversupply, leverage and techniclas all played a part in the historic catastrophe that came to a head on April 20th. Bloomberg's Alix Steel explains.

published:08 May 2020

views:327

May.08 -- Oyvind Eriksen, chief executive officer at Aker ASA, discusses his outlook for oil prices, dividends and the possibility of M&A. He speaks on “Bloomberg Markets: European Open.”

published:08 May 2020

views:3479

During Alberta's Thursday COVID-19 briefing, Premier Jason Kenney responded to Green Party MP Elizabeth May and Bloc Québécois Leader Yves-François Blanchet’s comments on the oil industry, which May called “dead” on Wednesday.
With the price of oil plummeting during the coronavirus pandemic, Kenney’s message to the politicians was, “Please stop kicking us while we’re down,” and labelled the remarks as “divisive” and “un-Canadian.”
Canadian Prime Minister Justin Trudeau said in an earlier press conference that he rejected the claim made by the Green Party MP and the Bloc Quebecois leader that "oil is dead" and that the industry should get no further government support amid the coronavirus pandemic, as May had previously said.
For more info, please go to https://globalnews.ca/news/6915264/justin-trudeau-oil-industry-future/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
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#Alberta #Canada #JasonKenney #GlobalNews

Brent oil jumped today after Saudi Arabia raised prices for refiners globally. This has been interpreted by many as a strong bullish sign for the Brent oil price and the end of the volatile period we’ve had in the last months.
But can the markets be certain of this? Watch as we look at all the factors at play right now and impacting the Brent oil chart and make an informed decision on your trades.
Futures in London added as much as 7.1%, moving beyond $31 a barrel, while U.S. crude futures rose 10%. State-run Saudi Aramco, which earlier this year initiated a price war by offering massive discounts on crude, has raised prices on all the grades for June. The move comes as the kingdom and its OPEC+ partners embark on sharp production cuts in a bid to rebalance a glutted market.
The OPEC+ coalition that includes Russia started implementing daily output cuts of almost 10 million barrels a day on May 1. The move follows a record build-up in inventories as demand was ravaged by the coronavirus outbreak that has seen oil tanks filling up globally. There have been tentative signs of a recovery in consumption in both the U.S. and China, and Aramco’s pricing is the clearest signal yet that demand is starting to grow again.
Forecasts of the hit to global oil consumption have varied widely, with some estimates topping 30 million barrels a day, or 30% of demand. Still, in recent days there have been reports from Poland to Germany and Florida that demand for fuel -- particularly gasoline -- is starting to pick up.
Some of the biggest moves in Saudi oil pricing came for European and Mediterranean refineries, the main market for Russia crude, in what appears to be a nod to the Kremlin after Riyadh and Moscow agreed last month to work together again as part of the OPEC+ alliance. Prices in those regions were hiked by between $5.80 and $7.50 for June, according to the price list.
Watch the full video for our take on the Brent oil price forecast and what the Brent oil price chart analysis in May 2020 might look like. And let us know what you think in the comments.
If you liked our Brent oil price technical analysis, please don’t forget to give it a thumbs up! And for more on the latest Brent oil price news, be sure to subscribe to the Capital.com channel!
#Brent
#BrentOil
#BrentOilPrice
***
Explore trading and start investing with Capital.com.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Already the federal government has invested $1.7 billion in funding for B.C., Alberta and Saskatchewan natural resource firms to hire energy workers to restore and reclaim well sites.
It comes on the heels of years of devastation in the Alberta oil and gas sector caused by low crude prices and difficulty getting resources to market, combined more recently with the economic shutdown of the coronavirus pandemic and a global price war between Russia and Saudi Arabia.
Alberta Premier Jason Kenney has warned one in four Albertans could end up out of work as the pandemic crisis continues and offered similar remarks last month urging the federal government to do more.
For more info, please go to https://globalnews.ca/news/6907183/orphan-well-cleanup-program/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
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#GlobalNews #cdnpoli #coronavirus #covid19

Speaking to reporters outside Rideau Cottage in Ottawa on Thursday, Prime Minister Justin Trudeau said he disagreed with comments made by Green Party MP Elizabeth May on Wednesday, and supported by Bloc Quebois leader Yves Blanchet, that "oil is dead" in the wake of the COVID-19 pandemic.
Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Bloc Québécois Yves-François Blanchet in a later press conference said he agreed with Green Party MP Elizabeth May's previous statement that "oil is dead" and added that in his opinion, the Alberta tar sands are not just "dead" but "condemned."
For more info, please go to https://globalnews.ca/news/6915264/justin-trudeau-oil-industry-future/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #cdnpoli #codi19 #coronavirus #abnews

published:07 May 2020

views:6154

Although they are beginning to rebound, oil prices saw a record drop in April as stay-at-home orders forced millions off the roads and backed up crude oil supply chains. Carter Evans visited the U.S.’s largest port, where dozens of oil tankers sat idle with nowhere to unload. An oil industry expert said that all of the California refineries the oil was meant for were simply full, but when the country starts up again, workers may be scrambling to keep up with the spike in demand.
Watch "CBS This Morning" HERE: http://bit.ly/1T88yAR
Download the CBS News app on iOS HERE: https://apple.co/1tRNnUy
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Get new episodes of shows you love across devices the next day, stream local news live, and watch full seasons of CBS fan favorites anytime, anywhere with CBS All Access. Try it free! http://bit.ly/1OQA29B
Each weekday morning, "CBS This Morning" co-hosts Gayle King, Anthony Mason and Tony Dokoupil deliver two hours of original reporting, breaking news and top-level newsmaker interviews in an engaging and informative format that challenges the norm in network morning news programs. The broadcast has earned a prestigious Peabody Award, a Polk Award, four News & Documentary Emmys, three Daytime Emmys and the 2017 Edward R. Murrow Award for Best Newscast. The broadcast was also honored with an Alfred I. duPont-Columbia Award as part of CBS News division-wide coverage of the shootings at Sandy Hook Elementary School in Newtown, Connecticut. Check local listings for "CBS This Morning" broadcast times.

published:06 May 2020

views:21551

May.05 -- Oil has extended gains into a sixth day as a recovery from last month’s epic plunge accelerates. This comes as production cuts have started to whittle down the supply glut and more economies ease their coronavirus lockdowns. Bloomberg’s James Thornhill reports on “Bloomberg Daybreak: Asia.”

published:06 May 2020

views:4474

Market volatility continues, the latest on the price for oil, and how has the pandemic impacted Beyond Meat. 680 NEWS business editor Kris McCusker has today's top business headlines.

The main character is James Arnold Ross Jr., nicknamed Bunny, son of an oil tycoon. Bunny's sympathetic feelings toward oilfield workers and socialists provoke arguments with his father throughout the story.

Characters

James Arnold Ross (aka Dad): is a self-made oil millionaire.

James Arnold "Bunny" Ross, Jr.: the protagonist, is the only son of a self-made oil millionaire.

Paul Watkins: a farmer's son who runs away from home, is tutored by a free thinker, and becomes an advocate for the rights of laborers. After spending time in Siberia after World War I, he sympathizes with Bolshevism and becomes a Communist.

Oil

An oil is any neutral, nonpolarchemical substance that is a viscousliquid at ambient temperatures and is both hydrophobic (immiscible with water, literally "water fearing") and lipophilic (miscible with other oils, literally "fat loving"). Oils have a high carbon and hydrogen content and are usually flammable and slippery.

The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food, fuel, lubrication, and the manufacture of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies as purifying agents.

Etymology

First attested in English 1176, the word oil comes from Old Frenchoile, from Latinoleum, which in turn comes from the Greekἔλαιον (elaion), "olive oil, oil" and that from ἐλαία (elaia), "olive tree", "olive fruit". The earliest attested forms of the word are the Mycenaean Greek𐀁𐀨𐀺, e-ra-wo and 𐀁𐁉𐀺, e-rai-wo, written in the Linear B syllabic script.

Biography

The Refine album was well-reviewed for its honest, no frills metal approach. The band performed live gigs, including a show at the Stryper Expo, but Rinehart received an injury soon after the album release which meant Oil did not perform for nearly a year. Once recovered, Rinehart and Oil returned to performing, being announced as special guests to Disciple in April.

The band recorded a live album Choice Cuts Off the Chopping Block at the First Baptist Church in Downey, California, in November 2002. The record included two new acoustic songs, "This Is My Prayer" and "Medicine Man". When bass guitarist Matthew Joy opted out in May 2003, Oil recruited Jonathan Thiemens of Blind Sacrificies as a temporary replacement. This became permanent in July.

How the Coronavirus Caused Oil Prices to Drop Below Zero

May.08 -- Covid-19 brought the global economy to a screeching halt. One industry hit hard and fast is oil. The coronavirus, oversupply, leverage and techniclas all played a part in the historic catastrophe that came to a head on April 20th. Bloomberg's Alix Steel explains.

6:20

Expect High Volatility, Low Oil Prices For Next Few Years: Aker CEO

Expect High Volatility, Low Oil Prices For Next Few Years: Aker CEO

Expect High Volatility, Low Oil Prices For Next Few Years: Aker CEO

May.08 -- Oyvind Eriksen, chief executive officer at Aker ASA, discusses his outlook for oil prices, dividends and the possibility of M&A. He speaks on “Bloomberg Markets: European Open.”

4:20

Alberta premier responds to “oil is dead” remarks by May, Blanchet

Alberta premier responds to “oil is dead” remarks by May, Blanchet

Alberta premier responds to “oil is dead” remarks by May, Blanchet

During Alberta's Thursday COVID-19 briefing, Premier Jason Kenney responded to Green Party MP Elizabeth May and Bloc Québécois Leader Yves-François Blanchet’s comments on the oil industry, which May called “dead” on Wednesday.
With the price of oil plummeting during the coronavirus pandemic, Kenney’s message to the politicians was, “Please stop kicking us while we’re down,” and labelled the remarks as “divisive” and “un-Canadian.”
Canadian Prime Minister Justin Trudeau said in an earlier press conference that he rejected the claim made by the Green Party MP and the Bloc Quebecois leader that "oil is dead" and that the industry should get no further government support amid the coronavirus pandemic, as May had previously said.
For more info, please go to https://globalnews.ca/news/6915264/justin-trudeau-oil-industry-future/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#Alberta #Canada #JasonKenney #GlobalNews

6:59

These are the 'seeds,' of a mini oil boom,' says Dan Eberhart on the outlook for oil

These are the 'seeds,' of a mini oil boom,' says Dan Eberhart on the outlook for oil

These are the 'seeds,' of a mini oil boom,' says Dan Eberhart on the outlook for oil

Brent Crude Oil Price Analysis May 2020 | Is the Worst Over?

Brent oil jumped today after Saudi Arabia raised prices for refiners globally. This has been interpreted by many as a strong bullish sign for the Brent oil price and the end of the volatile period we’ve had in the last months.
But can the markets be certain of this? Watch as we look at all the factors at play right now and impacting the Brent oil chart and make an informed decision on your trades.
Futures in London added as much as 7.1%, moving beyond $31 a barrel, while U.S. crude futures rose 10%. State-run Saudi Aramco, which earlier this year initiated a price war by offering massive discounts on crude, has raised prices on all the grades for June. The move comes as the kingdom and its OPEC+ partners embark on sharp production cuts in a bid to rebalance a glutted market.
The OPEC+ coalition that includes Russia started implementing daily output cuts of almost 10 million barrels a day on May 1. The move follows a record build-up in inventories as demand was ravaged by the coronavirus outbreak that has seen oil tanks filling up globally. There have been tentative signs of a recovery in consumption in both the U.S. and China, and Aramco’s pricing is the clearest signal yet that demand is starting to grow again.
Forecasts of the hit to global oil consumption have varied widely, with some estimates topping 30 million barrels a day, or 30% of demand. Still, in recent days there have been reports from Poland to Germany and Florida that demand for fuel -- particularly gasoline -- is starting to pick up.
Some of the biggest moves in Saudi oil pricing came for European and Mediterranean refineries, the main market for Russia crude, in what appears to be a nod to the Kremlin after Riyadh and Moscow agreed last month to work together again as part of the OPEC+ alliance. Prices in those regions were hiked by between $5.80 and $7.50 for June, according to the price list.
Watch the full video for our take on the Brent oil price forecast and what the Brent oil price chart analysis in May 2020 might look like. And let us know what you think in the comments.
If you liked our Brent oil price technical analysis, please don’t forget to give it a thumbs up! And for more on the latest Brent oil price news, be sure to subscribe to the Capital.com channel!
#Brent
#BrentOil
#BrentOilPrice
***
Explore trading and start investing with Capital.com.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Coronavirus outbreak: "Oil is dead" in the wake of COVID-19 pandemic, Elizabeth May says

Coronavirus outbreak: "Oil is dead" in the wake of COVID-19 pandemic, Elizabeth May says

Coronavirus outbreak: "Oil is dead" in the wake of COVID-19 pandemic, Elizabeth May says

Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Already the federal government has invested $1.7 billion in funding for B.C., Alberta and Saskatchewan natural resource firms to hire energy workers to restore and reclaim well sites.
It comes on the heels of years of devastation in the Alberta oil and gas sector caused by low crude prices and difficulty getting resources to market, combined more recently with the economic shutdown of the coronavirus pandemic and a global price war between Russia and Saudi Arabia.
Alberta Premier Jason Kenney has warned one in four Albertans could end up out of work as the pandemic crisis continues and offered similar remarks last month urging the federal government to do more.
For more info, please go to https://globalnews.ca/news/6907183/orphan-well-cleanup-program/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #cdnpoli #coronavirus #covid19

Justin Trudeau says he disagrees with Elizabeth May, Yves Blanchet that "oil is dead" in Canada

Justin Trudeau says he disagrees with Elizabeth May, Yves Blanchet that "oil is dead" in Canada

Justin Trudeau says he disagrees with Elizabeth May, Yves Blanchet that "oil is dead" in Canada

Speaking to reporters outside Rideau Cottage in Ottawa on Thursday, Prime Minister Justin Trudeau said he disagreed with comments made by Green Party MP Elizabeth May on Wednesday, and supported by Bloc Quebois leader Yves Blanchet, that "oil is dead" in the wake of the COVID-19 pandemic.
Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Bloc Québécois Yves-François Blanchet in a later press conference said he agreed with Green Party MP Elizabeth May's previous statement that "oil is dead" and added that in his opinion, the Alberta tar sands are not just "dead" but "condemned."
For more info, please go to https://globalnews.ca/news/6915264/justin-trudeau-oil-industry-future/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #cdnpoli #codi19 #coronavirus #abnews

3:49

Full oil tankers idle outside U.S. port as industry reels from pandemic

Full oil tankers idle outside U.S. port as industry reels from pandemic

Full oil tankers idle outside U.S. port as industry reels from pandemic

Although they are beginning to rebound, oil prices saw a record drop in April as stay-at-home orders forced millions off the roads and backed up crude oil supply chains. Carter Evans visited the U.S.’s largest port, where dozens of oil tankers sat idle with nowhere to unload. An oil industry expert said that all of the California refineries the oil was meant for were simply full, but when the country starts up again, workers may be scrambling to keep up with the spike in demand.
Watch "CBS This Morning" HERE: http://bit.ly/1T88yAR
Download the CBS News app on iOS HERE: https://apple.co/1tRNnUy
Download the CBS News app on Android HERE: https://bit.ly/1IcphuX
Like "CBS This Morning" on Facebook HERE: http://on.fb.me/1LhtdvI
Follow "CBS This Morning" on Twitter HERE: http://bit.ly/1Xj5W3p
Follow "CBS This Morning" on Instagram HERE: http://bit.ly/1Q7NGnY
Get new episodes of shows you love across devices the next day, stream local news live, and watch full seasons of CBS fan favorites anytime, anywhere with CBS All Access. Try it free! http://bit.ly/1OQA29B
Each weekday morning, "CBS This Morning" co-hosts Gayle King, Anthony Mason and Tony Dokoupil deliver two hours of original reporting, breaking news and top-level newsmaker interviews in an engaging and informative format that challenges the norm in network morning news programs. The broadcast has earned a prestigious Peabody Award, a Polk Award, four News & Documentary Emmys, three Daytime Emmys and the 2017 Edward R. Murrow Award for Best Newscast. The broadcast was also honored with an Alfred I. duPont-Columbia Award as part of CBS News division-wide coverage of the shootings at Sandy Hook Elementary School in Newtown, Connecticut. Check local listings for "CBS This Morning" broadcast times.

3:29

Oil Extends Recovery on Optimism Supply Cuts Will Trim Glut

Oil Extends Recovery on Optimism Supply Cuts Will Trim Glut

Oil Extends Recovery on Optimism Supply Cuts Will Trim Glut

May.05 -- Oil has extended gains into a sixth day as a recovery from last month’s epic plunge accelerates. This comes as production cuts have started to whittle down the supply glut and more economies ease their coronavirus lockdowns. Bloomberg’s James Thornhill reports on “Bloomberg Daybreak: Asia.”

How the Coronavirus Caused Oil Prices to Drop Below Zero

May.08 -- Covid-19 brought the global economy to a screeching halt. One industry hit hard and fast is oil. The coronavirus, oversupply, leverage and techniclas all played a part in the historic catastrophe that came to a head on April 20th. Bloomberg's Alix Steel explains.

published: 08 May 2020

Expect High Volatility, Low Oil Prices For Next Few Years: Aker CEO

May.08 -- Oyvind Eriksen, chief executive officer at Aker ASA, discusses his outlook for oil prices, dividends and the possibility of M&A. He speaks on “Bloomberg Markets: European Open.”

published: 08 May 2020

Alberta premier responds to “oil is dead” remarks by May, Blanchet

During Alberta's Thursday COVID-19 briefing, Premier Jason Kenney responded to Green Party MP Elizabeth May and Bloc Québécois Leader Yves-François Blanchet’s comments on the oil industry, which May called “dead” on Wednesday.
With the price of oil plummeting during the coronavirus pandemic, Kenney’s message to the politicians was, “Please stop kicking us while we’re down,” and labelled the remarks as “divisive” and “un-Canadian.”
Canadian Prime Minister Justin Trudeau said in an earlier press conference that he rejected the claim made by the Green Party MP and the Bloc Quebecois leader that "oil is dead" and that the industry should get no further government support amid the coronavirus pandemic, as May had previously said.
For more info, please go to https://globalnews.ca/news/6915264...

published: 07 May 2020

These are the 'seeds,' of a mini oil boom,' says Dan Eberhart on the outlook for oil

Brent Crude Oil Price Analysis May 2020 | Is the Worst Over?

Brent oil jumped today after Saudi Arabia raised prices for refiners globally. This has been interpreted by many as a strong bullish sign for the Brent oil price and the end of the volatile period we’ve had in the last months.
But can the markets be certain of this? Watch as we look at all the factors at play right now and impacting the Brent oil chart and make an informed decision on your trades.
Futures in London added as much as 7.1%, moving beyond $31 a barrel, while U.S. crude futures rose 10%. State-run Saudi Aramco, which earlier this year initiated a price war by offering massive discounts on crude, has raised prices on all the grades for June. The move comes as the kingdom and its OPEC+ partners embark on sharp production cuts in a bid to rebalance a glutted market.
The OPEC+ ...

John Kilduff, founding partner with Again Capital, joins "Squawk Box" to discuss the energy markets as oil prices rebound, creating opportunities and challenges for investors.
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published: 07 May 2020

Coronavirus outbreak: "Oil is dead" in the wake of COVID-19 pandemic, Elizabeth May says

Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Already the federal government has invested $1.7 billion in funding for B.C., Alberta and Saskatchewan natural resource firms to hire energy workers to restore and reclaim well sites.
It comes on the heels of years of devastation in the Alberta oil and gas sector caused by low crude prices and difficulty getting resources to market, combined more recently with the economic shutdown of the coronavirus pandemic and...

Justin Trudeau says he disagrees with Elizabeth May, Yves Blanchet that "oil is dead" in Canada

Speaking to reporters outside Rideau Cottage in Ottawa on Thursday, Prime Minister Justin Trudeau said he disagreed with comments made by Green Party MP Elizabeth May on Wednesday, and supported by Bloc Quebois leader Yves Blanchet, that "oil is dead" in the wake of the COVID-19 pandemic.
Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Bloc Québécois Yves-François Blanchet in a later press conference said he agreed with Green Party MP Elizabeth May's previous...

published: 07 May 2020

Full oil tankers idle outside U.S. port as industry reels from pandemic

Although they are beginning to rebound, oil prices saw a record drop in April as stay-at-home orders forced millions off the roads and backed up crude oil supply chains. Carter Evans visited the U.S.’s largest port, where dozens of oil tankers sat idle with nowhere to unload. An oil industry expert said that all of the California refineries the oil was meant for were simply full, but when the country starts up again, workers may be scrambling to keep up with the spike in demand.
Watch "CBS This Morning" HERE: http://bit.ly/1T88yAR
Download the CBS News app on iOS HERE: https://apple.co/1tRNnUy
Download the CBS News app on Android HERE: https://bit.ly/1IcphuX
Like "CBS This Morning" on Facebook HERE: http://on.fb.me/1LhtdvI
Follow "CBS This Morning" on Twitter HERE: http://bit.ly/1Xj5W3p
F...

published: 06 May 2020

Oil Extends Recovery on Optimism Supply Cuts Will Trim Glut

May.05 -- Oil has extended gains into a sixth day as a recovery from last month’s epic plunge accelerates. This comes as production cuts have started to whittle down the supply glut and more economies ease their coronavirus lockdowns. Bloomberg’s James Thornhill reports on “Bloomberg Daybreak: Asia.”

How the Coronavirus Caused Oil Prices to Drop Below Zero

May.08 -- Covid-19 brought the global economy to a screeching halt. One industry hit hard and fast is oil. The coronavirus, oversupply, leverage and techniclas ...

May.08 -- Covid-19 brought the global economy to a screeching halt. One industry hit hard and fast is oil. The coronavirus, oversupply, leverage and techniclas all played a part in the historic catastrophe that came to a head on April 20th. Bloomberg's Alix Steel explains.

May.08 -- Covid-19 brought the global economy to a screeching halt. One industry hit hard and fast is oil. The coronavirus, oversupply, leverage and techniclas all played a part in the historic catastrophe that came to a head on April 20th. Bloomberg's Alix Steel explains.

During Alberta's Thursday COVID-19 briefing, Premier Jason Kenney responded to Green Party MP Elizabeth May and Bloc Québécois Leader Yves-François Blanchet’s comments on the oil industry, which May called “dead” on Wednesday.
With the price of oil plummeting during the coronavirus pandemic, Kenney’s message to the politicians was, “Please stop kicking us while we’re down,” and labelled the remarks as “divisive” and “un-Canadian.”
Canadian Prime Minister Justin Trudeau said in an earlier press conference that he rejected the claim made by the Green Party MP and the Bloc Quebecois leader that "oil is dead" and that the industry should get no further government support amid the coronavirus pandemic, as May had previously said.
For more info, please go to https://globalnews.ca/news/6915264/justin-trudeau-oil-industry-future/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#Alberta #Canada #JasonKenney #GlobalNews

During Alberta's Thursday COVID-19 briefing, Premier Jason Kenney responded to Green Party MP Elizabeth May and Bloc Québécois Leader Yves-François Blanchet’s comments on the oil industry, which May called “dead” on Wednesday.
With the price of oil plummeting during the coronavirus pandemic, Kenney’s message to the politicians was, “Please stop kicking us while we’re down,” and labelled the remarks as “divisive” and “un-Canadian.”
Canadian Prime Minister Justin Trudeau said in an earlier press conference that he rejected the claim made by the Green Party MP and the Bloc Quebecois leader that "oil is dead" and that the industry should get no further government support amid the coronavirus pandemic, as May had previously said.
For more info, please go to https://globalnews.ca/news/6915264/justin-trudeau-oil-industry-future/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#Alberta #Canada #JasonKenney #GlobalNews

Brent Crude Oil Price Analysis May 2020 | Is the Worst Over?

Brent oil jumped today after Saudi Arabia raised prices for refiners globally. This has been interpreted by many as a strong bullish sign for the Brent oil pric...

Brent oil jumped today after Saudi Arabia raised prices for refiners globally. This has been interpreted by many as a strong bullish sign for the Brent oil price and the end of the volatile period we’ve had in the last months.
But can the markets be certain of this? Watch as we look at all the factors at play right now and impacting the Brent oil chart and make an informed decision on your trades.
Futures in London added as much as 7.1%, moving beyond $31 a barrel, while U.S. crude futures rose 10%. State-run Saudi Aramco, which earlier this year initiated a price war by offering massive discounts on crude, has raised prices on all the grades for June. The move comes as the kingdom and its OPEC+ partners embark on sharp production cuts in a bid to rebalance a glutted market.
The OPEC+ coalition that includes Russia started implementing daily output cuts of almost 10 million barrels a day on May 1. The move follows a record build-up in inventories as demand was ravaged by the coronavirus outbreak that has seen oil tanks filling up globally. There have been tentative signs of a recovery in consumption in both the U.S. and China, and Aramco’s pricing is the clearest signal yet that demand is starting to grow again.
Forecasts of the hit to global oil consumption have varied widely, with some estimates topping 30 million barrels a day, or 30% of demand. Still, in recent days there have been reports from Poland to Germany and Florida that demand for fuel -- particularly gasoline -- is starting to pick up.
Some of the biggest moves in Saudi oil pricing came for European and Mediterranean refineries, the main market for Russia crude, in what appears to be a nod to the Kremlin after Riyadh and Moscow agreed last month to work together again as part of the OPEC+ alliance. Prices in those regions were hiked by between $5.80 and $7.50 for June, according to the price list.
Watch the full video for our take on the Brent oil price forecast and what the Brent oil price chart analysis in May 2020 might look like. And let us know what you think in the comments.
If you liked our Brent oil price technical analysis, please don’t forget to give it a thumbs up! And for more on the latest Brent oil price news, be sure to subscribe to the Capital.com channel!
#Brent
#BrentOil
#BrentOilPrice
***
Explore trading and start investing with Capital.com.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Brent oil jumped today after Saudi Arabia raised prices for refiners globally. This has been interpreted by many as a strong bullish sign for the Brent oil price and the end of the volatile period we’ve had in the last months.
But can the markets be certain of this? Watch as we look at all the factors at play right now and impacting the Brent oil chart and make an informed decision on your trades.
Futures in London added as much as 7.1%, moving beyond $31 a barrel, while U.S. crude futures rose 10%. State-run Saudi Aramco, which earlier this year initiated a price war by offering massive discounts on crude, has raised prices on all the grades for June. The move comes as the kingdom and its OPEC+ partners embark on sharp production cuts in a bid to rebalance a glutted market.
The OPEC+ coalition that includes Russia started implementing daily output cuts of almost 10 million barrels a day on May 1. The move follows a record build-up in inventories as demand was ravaged by the coronavirus outbreak that has seen oil tanks filling up globally. There have been tentative signs of a recovery in consumption in both the U.S. and China, and Aramco’s pricing is the clearest signal yet that demand is starting to grow again.
Forecasts of the hit to global oil consumption have varied widely, with some estimates topping 30 million barrels a day, or 30% of demand. Still, in recent days there have been reports from Poland to Germany and Florida that demand for fuel -- particularly gasoline -- is starting to pick up.
Some of the biggest moves in Saudi oil pricing came for European and Mediterranean refineries, the main market for Russia crude, in what appears to be a nod to the Kremlin after Riyadh and Moscow agreed last month to work together again as part of the OPEC+ alliance. Prices in those regions were hiked by between $5.80 and $7.50 for June, according to the price list.
Watch the full video for our take on the Brent oil price forecast and what the Brent oil price chart analysis in May 2020 might look like. And let us know what you think in the comments.
If you liked our Brent oil price technical analysis, please don’t forget to give it a thumbs up! And for more on the latest Brent oil price news, be sure to subscribe to the Capital.com channel!
#Brent
#BrentOil
#BrentOilPrice
***
Explore trading and start investing with Capital.com.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Coronavirus outbreak: "Oil is dead" in the wake of COVID-19 pandemic, Elizabeth May says

Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both th...

Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Already the federal government has invested $1.7 billion in funding for B.C., Alberta and Saskatchewan natural resource firms to hire energy workers to restore and reclaim well sites.
It comes on the heels of years of devastation in the Alberta oil and gas sector caused by low crude prices and difficulty getting resources to market, combined more recently with the economic shutdown of the coronavirus pandemic and a global price war between Russia and Saudi Arabia.
Alberta Premier Jason Kenney has warned one in four Albertans could end up out of work as the pandemic crisis continues and offered similar remarks last month urging the federal government to do more.
For more info, please go to https://globalnews.ca/news/6907183/orphan-well-cleanup-program/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
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#GlobalNews #cdnpoli #coronavirus #covid19

Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Already the federal government has invested $1.7 billion in funding for B.C., Alberta and Saskatchewan natural resource firms to hire energy workers to restore and reclaim well sites.
It comes on the heels of years of devastation in the Alberta oil and gas sector caused by low crude prices and difficulty getting resources to market, combined more recently with the economic shutdown of the coronavirus pandemic and a global price war between Russia and Saudi Arabia.
Alberta Premier Jason Kenney has warned one in four Albertans could end up out of work as the pandemic crisis continues and offered similar remarks last month urging the federal government to do more.
For more info, please go to https://globalnews.ca/news/6907183/orphan-well-cleanup-program/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
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#GlobalNews #cdnpoli #coronavirus #covid19

Justin Trudeau says he disagrees with Elizabeth May, Yves Blanchet that "oil is dead" in Canada

Speaking to reporters outside Rideau Cottage in Ottawa on Thursday, Prime Minister Justin Trudeau said he disagreed with comments made by Green Party MP Elizabe...

Speaking to reporters outside Rideau Cottage in Ottawa on Thursday, Prime Minister Justin Trudeau said he disagreed with comments made by Green Party MP Elizabeth May on Wednesday, and supported by Bloc Quebois leader Yves Blanchet, that "oil is dead" in the wake of the COVID-19 pandemic.
Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Bloc Québécois Yves-François Blanchet in a later press conference said he agreed with Green Party MP Elizabeth May's previous statement that "oil is dead" and added that in his opinion, the Alberta tar sands are not just "dead" but "condemned."
For more info, please go to https://globalnews.ca/news/6915264/justin-trudeau-oil-industry-future/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #cdnpoli #codi19 #coronavirus #abnews

Speaking to reporters outside Rideau Cottage in Ottawa on Thursday, Prime Minister Justin Trudeau said he disagreed with comments made by Green Party MP Elizabeth May on Wednesday, and supported by Bloc Quebois leader Yves Blanchet, that "oil is dead" in the wake of the COVID-19 pandemic.
Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Bloc Québécois Yves-François Blanchet in a later press conference said he agreed with Green Party MP Elizabeth May's previous statement that "oil is dead" and added that in his opinion, the Alberta tar sands are not just "dead" but "condemned."
For more info, please go to https://globalnews.ca/news/6915264/justin-trudeau-oil-industry-future/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #cdnpoli #codi19 #coronavirus #abnews

Full oil tankers idle outside U.S. port as industry reels from pandemic

Although they are beginning to rebound, oil prices saw a record drop in April as stay-at-home orders forced millions off the roads and backed up crude oil suppl...

Although they are beginning to rebound, oil prices saw a record drop in April as stay-at-home orders forced millions off the roads and backed up crude oil supply chains. Carter Evans visited the U.S.’s largest port, where dozens of oil tankers sat idle with nowhere to unload. An oil industry expert said that all of the California refineries the oil was meant for were simply full, but when the country starts up again, workers may be scrambling to keep up with the spike in demand.
Watch "CBS This Morning" HERE: http://bit.ly/1T88yAR
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Get new episodes of shows you love across devices the next day, stream local news live, and watch full seasons of CBS fan favorites anytime, anywhere with CBS All Access. Try it free! http://bit.ly/1OQA29B
Each weekday morning, "CBS This Morning" co-hosts Gayle King, Anthony Mason and Tony Dokoupil deliver two hours of original reporting, breaking news and top-level newsmaker interviews in an engaging and informative format that challenges the norm in network morning news programs. The broadcast has earned a prestigious Peabody Award, a Polk Award, four News & Documentary Emmys, three Daytime Emmys and the 2017 Edward R. Murrow Award for Best Newscast. The broadcast was also honored with an Alfred I. duPont-Columbia Award as part of CBS News division-wide coverage of the shootings at Sandy Hook Elementary School in Newtown, Connecticut. Check local listings for "CBS This Morning" broadcast times.

Although they are beginning to rebound, oil prices saw a record drop in April as stay-at-home orders forced millions off the roads and backed up crude oil supply chains. Carter Evans visited the U.S.’s largest port, where dozens of oil tankers sat idle with nowhere to unload. An oil industry expert said that all of the California refineries the oil was meant for were simply full, but when the country starts up again, workers may be scrambling to keep up with the spike in demand.
Watch "CBS This Morning" HERE: http://bit.ly/1T88yAR
Download the CBS News app on iOS HERE: https://apple.co/1tRNnUy
Download the CBS News app on Android HERE: https://bit.ly/1IcphuX
Like "CBS This Morning" on Facebook HERE: http://on.fb.me/1LhtdvI
Follow "CBS This Morning" on Twitter HERE: http://bit.ly/1Xj5W3p
Follow "CBS This Morning" on Instagram HERE: http://bit.ly/1Q7NGnY
Get new episodes of shows you love across devices the next day, stream local news live, and watch full seasons of CBS fan favorites anytime, anywhere with CBS All Access. Try it free! http://bit.ly/1OQA29B
Each weekday morning, "CBS This Morning" co-hosts Gayle King, Anthony Mason and Tony Dokoupil deliver two hours of original reporting, breaking news and top-level newsmaker interviews in an engaging and informative format that challenges the norm in network morning news programs. The broadcast has earned a prestigious Peabody Award, a Polk Award, four News & Documentary Emmys, three Daytime Emmys and the 2017 Edward R. Murrow Award for Best Newscast. The broadcast was also honored with an Alfred I. duPont-Columbia Award as part of CBS News division-wide coverage of the shootings at Sandy Hook Elementary School in Newtown, Connecticut. Check local listings for "CBS This Morning" broadcast times.

Oil Extends Recovery on Optimism Supply Cuts Will Trim Glut

May.05 -- Oil has extended gains into a sixth day as a recovery from last month’s epic plunge accelerates. This comes as production cuts have started to whittle...

May.05 -- Oil has extended gains into a sixth day as a recovery from last month’s epic plunge accelerates. This comes as production cuts have started to whittle down the supply glut and more economies ease their coronavirus lockdowns. Bloomberg’s James Thornhill reports on “Bloomberg Daybreak: Asia.”

May.05 -- Oil has extended gains into a sixth day as a recovery from last month’s epic plunge accelerates. This comes as production cuts have started to whittle down the supply glut and more economies ease their coronavirus lockdowns. Bloomberg’s James Thornhill reports on “Bloomberg Daybreak: Asia.”

How the Coronavirus Caused Oil Prices to Drop Below Zero

May.08 -- Covid-19 brought the global economy to a screeching halt. One industry hit hard and fast is oil. The coronavirus, oversupply, leverage and techniclas all played a part in the historic catastrophe that came to a head on April 20th. Bloomberg's Alix Steel explains.

published: 08 May 2020

Expect High Volatility, Low Oil Prices For Next Few Years: Aker CEO

May.08 -- Oyvind Eriksen, chief executive officer at Aker ASA, discusses his outlook for oil prices, dividends and the possibility of M&A. He speaks on “Bloomberg Markets: European Open.”

published: 08 May 2020

Alberta premier responds to “oil is dead” remarks by May, Blanchet

During Alberta's Thursday COVID-19 briefing, Premier Jason Kenney responded to Green Party MP Elizabeth May and Bloc Québécois Leader Yves-François Blanchet’s comments on the oil industry, which May called “dead” on Wednesday.
With the price of oil plummeting during the coronavirus pandemic, Kenney’s message to the politicians was, “Please stop kicking us while we’re down,” and labelled the remarks as “divisive” and “un-Canadian.”
Canadian Prime Minister Justin Trudeau said in an earlier press conference that he rejected the claim made by the Green Party MP and the Bloc Quebecois leader that "oil is dead" and that the industry should get no further government support amid the coronavirus pandemic, as May had previously said.
For more info, please go to https://globalnews.ca/news/6915264...

published: 07 May 2020

Brent Crude Oil Price Analysis May 2020 | Is the Worst Over?

Brent oil jumped today after Saudi Arabia raised prices for refiners globally. This has been interpreted by many as a strong bullish sign for the Brent oil price and the end of the volatile period we’ve had in the last months.
But can the markets be certain of this? Watch as we look at all the factors at play right now and impacting the Brent oil chart and make an informed decision on your trades.
Futures in London added as much as 7.1%, moving beyond $31 a barrel, while U.S. crude futures rose 10%. State-run Saudi Aramco, which earlier this year initiated a price war by offering massive discounts on crude, has raised prices on all the grades for June. The move comes as the kingdom and its OPEC+ partners embark on sharp production cuts in a bid to rebalance a glutted market.
The OPEC+ ...

published: 07 May 2020

Justin Trudeau says he disagrees with Elizabeth May, Yves Blanchet that "oil is dead" in Canada

Speaking to reporters outside Rideau Cottage in Ottawa on Thursday, Prime Minister Justin Trudeau said he disagreed with comments made by Green Party MP Elizabeth May on Wednesday, and supported by Bloc Quebois leader Yves Blanchet, that "oil is dead" in the wake of the COVID-19 pandemic.
Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Bloc Québécois Yves-François Blanchet in a later press conference said he agreed with Green Party MP Elizabeth May's previous...

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published: 07 May 2020

Oil Extends Recovery on Optimism Supply Cuts Will Trim Glut

May.05 -- Oil has extended gains into a sixth day as a recovery from last month’s epic plunge accelerates. This comes as production cuts have started to whittle down the supply glut and more economies ease their coronavirus lockdowns. Bloomberg’s James Thornhill reports on “Bloomberg Daybreak: Asia.”

published: 06 May 2020

Explained: If crude oil is so cheap, why is my petrol still expensive? | ABC News

This is the second instalments on our series examining the falling oil price.
We’ve already looked at why the price of crude has dropped so sharply in recent weeks: https://youtu.be/mkhjar-XWHE
Now Phil Lasker takes us through how that translates at the pump and in some cases why it doesn't.
Read more here: https://www.abc.net.au/news/2020-05-04/petrol-prices-fall-across-canberra-after-threat-to-cap-profits/12210154
For more from ABC News, click here: https://ab.co/2kxYCZY
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You can also like us on Facebook: http://facebook.com/abcnews.au
Or follow us on Instagram: http://instagram.com/abcnews_au
Or even on ...

published: 04 May 2020

How the oil price slump could reshape the oil industries in major economies

The outbreak of COVID-19 and the collapse of global oil prices have hit both supply and demand sides of the oil and natural gas markets. The unprecedented crude oil price collapse on the global market brings pains and gains to different countries, related industries, and people's daily lives.
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published: 26 Apr 2020

These are the 'seeds,' of a mini oil boom,' says Dan Eberhart on the outlook for oil

Coronavirus outbreak: "Oil is dead" in the wake of COVID-19 pandemic, Elizabeth May says

Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Already the federal government has invested $1.7 billion in funding for B.C., Alberta and Saskatchewan natural resource firms to hire energy workers to restore and reclaim well sites.
It comes on the heels of years of devastation in the Alberta oil and gas sector caused by low crude prices and difficulty getting resources to market, combined more recently with the economic shutdown of the coronavirus pandemic and...

published: 06 May 2020

Price of a barrel of oil crashes to historic low - with some trading at minus

US oil prices have collapsed to historic lows which have sent share prices plunging, as Siobhan Kennedy reports from Washington. (Subscribe: https://bit.ly/C4_News_Subscribe)
-----------------------
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How the Coronavirus Caused Oil Prices to Drop Below Zero

May.08 -- Covid-19 brought the global economy to a screeching halt. One industry hit hard and fast is oil. The coronavirus, oversupply, leverage and techniclas ...

May.08 -- Covid-19 brought the global economy to a screeching halt. One industry hit hard and fast is oil. The coronavirus, oversupply, leverage and techniclas all played a part in the historic catastrophe that came to a head on April 20th. Bloomberg's Alix Steel explains.

May.08 -- Covid-19 brought the global economy to a screeching halt. One industry hit hard and fast is oil. The coronavirus, oversupply, leverage and techniclas all played a part in the historic catastrophe that came to a head on April 20th. Bloomberg's Alix Steel explains.

During Alberta's Thursday COVID-19 briefing, Premier Jason Kenney responded to Green Party MP Elizabeth May and Bloc Québécois Leader Yves-François Blanchet’s comments on the oil industry, which May called “dead” on Wednesday.
With the price of oil plummeting during the coronavirus pandemic, Kenney’s message to the politicians was, “Please stop kicking us while we’re down,” and labelled the remarks as “divisive” and “un-Canadian.”
Canadian Prime Minister Justin Trudeau said in an earlier press conference that he rejected the claim made by the Green Party MP and the Bloc Quebecois leader that "oil is dead" and that the industry should get no further government support amid the coronavirus pandemic, as May had previously said.
For more info, please go to https://globalnews.ca/news/6915264/justin-trudeau-oil-industry-future/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#Alberta #Canada #JasonKenney #GlobalNews

During Alberta's Thursday COVID-19 briefing, Premier Jason Kenney responded to Green Party MP Elizabeth May and Bloc Québécois Leader Yves-François Blanchet’s comments on the oil industry, which May called “dead” on Wednesday.
With the price of oil plummeting during the coronavirus pandemic, Kenney’s message to the politicians was, “Please stop kicking us while we’re down,” and labelled the remarks as “divisive” and “un-Canadian.”
Canadian Prime Minister Justin Trudeau said in an earlier press conference that he rejected the claim made by the Green Party MP and the Bloc Quebecois leader that "oil is dead" and that the industry should get no further government support amid the coronavirus pandemic, as May had previously said.
For more info, please go to https://globalnews.ca/news/6915264/justin-trudeau-oil-industry-future/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#Alberta #Canada #JasonKenney #GlobalNews

Brent Crude Oil Price Analysis May 2020 | Is the Worst Over?

Brent oil jumped today after Saudi Arabia raised prices for refiners globally. This has been interpreted by many as a strong bullish sign for the Brent oil pric...

Brent oil jumped today after Saudi Arabia raised prices for refiners globally. This has been interpreted by many as a strong bullish sign for the Brent oil price and the end of the volatile period we’ve had in the last months.
But can the markets be certain of this? Watch as we look at all the factors at play right now and impacting the Brent oil chart and make an informed decision on your trades.
Futures in London added as much as 7.1%, moving beyond $31 a barrel, while U.S. crude futures rose 10%. State-run Saudi Aramco, which earlier this year initiated a price war by offering massive discounts on crude, has raised prices on all the grades for June. The move comes as the kingdom and its OPEC+ partners embark on sharp production cuts in a bid to rebalance a glutted market.
The OPEC+ coalition that includes Russia started implementing daily output cuts of almost 10 million barrels a day on May 1. The move follows a record build-up in inventories as demand was ravaged by the coronavirus outbreak that has seen oil tanks filling up globally. There have been tentative signs of a recovery in consumption in both the U.S. and China, and Aramco’s pricing is the clearest signal yet that demand is starting to grow again.
Forecasts of the hit to global oil consumption have varied widely, with some estimates topping 30 million barrels a day, or 30% of demand. Still, in recent days there have been reports from Poland to Germany and Florida that demand for fuel -- particularly gasoline -- is starting to pick up.
Some of the biggest moves in Saudi oil pricing came for European and Mediterranean refineries, the main market for Russia crude, in what appears to be a nod to the Kremlin after Riyadh and Moscow agreed last month to work together again as part of the OPEC+ alliance. Prices in those regions were hiked by between $5.80 and $7.50 for June, according to the price list.
Watch the full video for our take on the Brent oil price forecast and what the Brent oil price chart analysis in May 2020 might look like. And let us know what you think in the comments.
If you liked our Brent oil price technical analysis, please don’t forget to give it a thumbs up! And for more on the latest Brent oil price news, be sure to subscribe to the Capital.com channel!
#Brent
#BrentOil
#BrentOilPrice
***
Explore trading and start investing with Capital.com.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Brent oil jumped today after Saudi Arabia raised prices for refiners globally. This has been interpreted by many as a strong bullish sign for the Brent oil price and the end of the volatile period we’ve had in the last months.
But can the markets be certain of this? Watch as we look at all the factors at play right now and impacting the Brent oil chart and make an informed decision on your trades.
Futures in London added as much as 7.1%, moving beyond $31 a barrel, while U.S. crude futures rose 10%. State-run Saudi Aramco, which earlier this year initiated a price war by offering massive discounts on crude, has raised prices on all the grades for June. The move comes as the kingdom and its OPEC+ partners embark on sharp production cuts in a bid to rebalance a glutted market.
The OPEC+ coalition that includes Russia started implementing daily output cuts of almost 10 million barrels a day on May 1. The move follows a record build-up in inventories as demand was ravaged by the coronavirus outbreak that has seen oil tanks filling up globally. There have been tentative signs of a recovery in consumption in both the U.S. and China, and Aramco’s pricing is the clearest signal yet that demand is starting to grow again.
Forecasts of the hit to global oil consumption have varied widely, with some estimates topping 30 million barrels a day, or 30% of demand. Still, in recent days there have been reports from Poland to Germany and Florida that demand for fuel -- particularly gasoline -- is starting to pick up.
Some of the biggest moves in Saudi oil pricing came for European and Mediterranean refineries, the main market for Russia crude, in what appears to be a nod to the Kremlin after Riyadh and Moscow agreed last month to work together again as part of the OPEC+ alliance. Prices in those regions were hiked by between $5.80 and $7.50 for June, according to the price list.
Watch the full video for our take on the Brent oil price forecast and what the Brent oil price chart analysis in May 2020 might look like. And let us know what you think in the comments.
If you liked our Brent oil price technical analysis, please don’t forget to give it a thumbs up! And for more on the latest Brent oil price news, be sure to subscribe to the Capital.com channel!
#Brent
#BrentOil
#BrentOilPrice
***
Explore trading and start investing with Capital.com.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Justin Trudeau says he disagrees with Elizabeth May, Yves Blanchet that "oil is dead" in Canada

Speaking to reporters outside Rideau Cottage in Ottawa on Thursday, Prime Minister Justin Trudeau said he disagreed with comments made by Green Party MP Elizabe...

Speaking to reporters outside Rideau Cottage in Ottawa on Thursday, Prime Minister Justin Trudeau said he disagreed with comments made by Green Party MP Elizabeth May on Wednesday, and supported by Bloc Quebois leader Yves Blanchet, that "oil is dead" in the wake of the COVID-19 pandemic.
Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Bloc Québécois Yves-François Blanchet in a later press conference said he agreed with Green Party MP Elizabeth May's previous statement that "oil is dead" and added that in his opinion, the Alberta tar sands are not just "dead" but "condemned."
For more info, please go to https://globalnews.ca/news/6915264/justin-trudeau-oil-industry-future/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
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#GlobalNews #cdnpoli #codi19 #coronavirus #abnews

Speaking to reporters outside Rideau Cottage in Ottawa on Thursday, Prime Minister Justin Trudeau said he disagreed with comments made by Green Party MP Elizabeth May on Wednesday, and supported by Bloc Quebois leader Yves Blanchet, that "oil is dead" in the wake of the COVID-19 pandemic.
Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Bloc Québécois Yves-François Blanchet in a later press conference said he agreed with Green Party MP Elizabeth May's previous statement that "oil is dead" and added that in his opinion, the Alberta tar sands are not just "dead" but "condemned."
For more info, please go to https://globalnews.ca/news/6915264/justin-trudeau-oil-industry-future/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #cdnpoli #codi19 #coronavirus #abnews

Peppy and perfect, Peppermint essential oil is an all-time favorite!
Looking for Peppermint essential oil uses? When it comes to this peppy oil, there’s almos...

Peppy and perfect, Peppermint essential oil is an all-time favorite!
Looking for Peppermint essential oil uses? When it comes to this peppy oil, there’s almost too many to count. But we’ll give you eight to get you started!
To learn more and purchase Peppermint essential oil here: https://bit.ly/2RX2JfB
For more glimpses into the fun, excitement, and connection that being a Young Living member brings, subscribe to see more videos like this!
Want more? Follow us on our social media to get great DIY projects, tips on using our essential oils, and the next events that you can be a part of!
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#YoungLivingEssentialOils
#PeppermintEssentialOil
#YoungLiving

Peppy and perfect, Peppermint essential oil is an all-time favorite!
Looking for Peppermint essential oil uses? When it comes to this peppy oil, there’s almost too many to count. But we’ll give you eight to get you started!
To learn more and purchase Peppermint essential oil here: https://bit.ly/2RX2JfB
For more glimpses into the fun, excitement, and connection that being a Young Living member brings, subscribe to see more videos like this!
Want more? Follow us on our social media to get great DIY projects, tips on using our essential oils, and the next events that you can be a part of!
Blog: https://youngliving.com/blog
Facebook: https://facebook.com/youngliving
Instagram: https://instagram.com/youngliving
Twitter: https://twitter.com/youngliving
Pinterest: https://pinterest.com/youngliving
#YoungLivingEssentialOils
#PeppermintEssentialOil
#YoungLiving

Oil Extends Recovery on Optimism Supply Cuts Will Trim Glut

May.05 -- Oil has extended gains into a sixth day as a recovery from last month’s epic plunge accelerates. This comes as production cuts have started to whittle...

May.05 -- Oil has extended gains into a sixth day as a recovery from last month’s epic plunge accelerates. This comes as production cuts have started to whittle down the supply glut and more economies ease their coronavirus lockdowns. Bloomberg’s James Thornhill reports on “Bloomberg Daybreak: Asia.”

May.05 -- Oil has extended gains into a sixth day as a recovery from last month’s epic plunge accelerates. This comes as production cuts have started to whittle down the supply glut and more economies ease their coronavirus lockdowns. Bloomberg’s James Thornhill reports on “Bloomberg Daybreak: Asia.”

Explained: If crude oil is so cheap, why is my petrol still expensive? | ABC News

This is the second instalments on our series examining the falling oil price.
We’ve already looked at why the price of crude has dropped so sharply in recent we...

This is the second instalments on our series examining the falling oil price.
We’ve already looked at why the price of crude has dropped so sharply in recent weeks: https://youtu.be/mkhjar-XWHE
Now Phil Lasker takes us through how that translates at the pump and in some cases why it doesn't.
Read more here: https://www.abc.net.au/news/2020-05-04/petrol-prices-fall-across-canberra-after-threat-to-cap-profits/12210154
For more from ABC News, click here: https://ab.co/2kxYCZY
You can watch more ABC News content on iview: https://ab.co/2OB7Mk1
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Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
You can also like us on Facebook: http://facebook.com/abcnews.au
Or follow us on Instagram: http://instagram.com/abcnews_au
Or even on Twitter: http://twitter.com/abcnews

This is the second instalments on our series examining the falling oil price.
We’ve already looked at why the price of crude has dropped so sharply in recent weeks: https://youtu.be/mkhjar-XWHE
Now Phil Lasker takes us through how that translates at the pump and in some cases why it doesn't.
Read more here: https://www.abc.net.au/news/2020-05-04/petrol-prices-fall-across-canberra-after-threat-to-cap-profits/12210154
For more from ABC News, click here: https://ab.co/2kxYCZY
You can watch more ABC News content on iview: https://ab.co/2OB7Mk1
Subscribe to us on YouTube: http://ab.co/1svxLVE
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
You can also like us on Facebook: http://facebook.com/abcnews.au
Or follow us on Instagram: http://instagram.com/abcnews_au
Or even on Twitter: http://twitter.com/abcnews

Coronavirus outbreak: "Oil is dead" in the wake of COVID-19 pandemic, Elizabeth May says

Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both th...

Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Already the federal government has invested $1.7 billion in funding for B.C., Alberta and Saskatchewan natural resource firms to hire energy workers to restore and reclaim well sites.
It comes on the heels of years of devastation in the Alberta oil and gas sector caused by low crude prices and difficulty getting resources to market, combined more recently with the economic shutdown of the coronavirus pandemic and a global price war between Russia and Saudi Arabia.
Alberta Premier Jason Kenney has warned one in four Albertans could end up out of work as the pandemic crisis continues and offered similar remarks last month urging the federal government to do more.
For more info, please go to https://globalnews.ca/news/6907183/orphan-well-cleanup-program/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #cdnpoli #coronavirus #covid19

Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Already the federal government has invested $1.7 billion in funding for B.C., Alberta and Saskatchewan natural resource firms to hire energy workers to restore and reclaim well sites.
It comes on the heels of years of devastation in the Alberta oil and gas sector caused by low crude prices and difficulty getting resources to market, combined more recently with the economic shutdown of the coronavirus pandemic and a global price war between Russia and Saudi Arabia.
Alberta Premier Jason Kenney has warned one in four Albertans could end up out of work as the pandemic crisis continues and offered similar remarks last month urging the federal government to do more.
For more info, please go to https://globalnews.ca/news/6907183/orphan-well-cleanup-program/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #cdnpoli #coronavirus #covid19

Price of a barrel of oil crashes to historic low - with some trading at minus

US oil prices have collapsed to historic lows which have sent share prices plunging, as Siobhan Kennedy reports from Washington. (Subscribe: https://bit.ly/C4_N...

US oil prices have collapsed to historic lows which have sent share prices plunging, as Siobhan Kennedy reports from Washington. (Subscribe: https://bit.ly/C4_News_Subscribe)
-----------------------
Follow us on Instagram - https://www.instagram.com/Channel4News

US oil prices have collapsed to historic lows which have sent share prices plunging, as Siobhan Kennedy reports from Washington. (Subscribe: https://bit.ly/C4_News_Subscribe)
-----------------------
Follow us on Instagram - https://www.instagram.com/Channel4News

Midnight Oil - Beds Are Burning (Official Video)

Midnight Oil – Beds Are Burning (Official Video)
Midnight Oil's official music video for 'Beds Are Burning', from “Diesel and Dust”.
Make sure to SUBSCRIBE for everything MIDNIGHT OIL
Listen to MIDNIGHT OIL here: https://smarturl.it/MidnightOilListen
Follow MIDNIGHT OIL online:
Website: https://www.midnightoil.com/
Facebook: https://www.facebook.com/midnightoilofficial
Twitter: https://twitter.com/midnightoilband
Instagram: https://www.instagram.com/midnightoilband/
---------
Lyrics:
Out where the river broke
The blood-wood and the desert oak
Holden wrecks and boiling diesels
Steam in forty-five degrees
The time has come
To say fair's fair
To pay the rent
To pay our share
The time has come
A fact's a fact
It belongs to them
Let's give it back
How can we dance
When our earth is t...

Chad Cooke Band - Oil Man (Official Music Video)

The Official Music Video for "OIL MAN" by Chad Cooke Band.
DOWNLOAD 'Oil Man' on iTUNES: https://itunes.apple.com/us/album/easy-way-home/id1141930274
DOWNLOAD the NEW SINGLE "Whatever It Takes" on iTunes: https://itunes.apple.com/cy/album/whatever-it-takes-single/1435358306
FOLLOW Chad Cooke Band:
https://www.facebook.com/chadcookeband

published: 16 Dec 2017

OIL - Better Off Dead (Oil a Band From Tempe, AZ)

OIL:
1. Thawed
2. Better Off Dead
3. Beat Me
OIL was a band from Tempe, AZ.
Dunno anything about them. Just a FAN.
Saw them in concert once and then vanished.
I haven't found anything of them (not even youtube)
Here's a good cassette with three tracks recorded in 1996.
Have played this tape so many times that sounds a little old now.
My Apologies.
I do not own anything of copyrights.
Just wanted to show what we missed of this band that should've made it BIG!!!!

Midnight Oil - Beds Are Burning (Official Video)

Midnight Oil – Beds Are Burning (Official Video)
Midnight Oil's official music video for 'Beds Are Burning', from “Diesel and Dust”.
Make sure to SUBSCRIBE f...

Midnight Oil – Beds Are Burning (Official Video)
Midnight Oil's official music video for 'Beds Are Burning', from “Diesel and Dust”.
Make sure to SUBSCRIBE for everything MIDNIGHT OIL
Listen to MIDNIGHT OIL here: https://smarturl.it/MidnightOilListen
Follow MIDNIGHT OIL online:
Website: https://www.midnightoil.com/
Facebook: https://www.facebook.com/midnightoilofficial
Twitter: https://twitter.com/midnightoilband
Instagram: https://www.instagram.com/midnightoilband/
---------
Lyrics:
Out where the river broke
The blood-wood and the desert oak
Holden wrecks and boiling diesels
Steam in forty-five degrees
The time has come
To say fair's fair
To pay the rent
To pay our share
The time has come
A fact's a fact
It belongs to them
Let's give it back
How can we dance
When our earth is turning
How do we sleep
While our beds are burning
How can we dance
When our earth is turning
How do we sleep
While our beds are burning
The time has come
To say fair's fair
To pay the rent
Now to pay our share
Four wheels scare the cockatoos
From Kintore East to Yuendemu
The western desert lives and breathes
In forty-five degrees
The time has come
To say fair's fair
To pay the rent
To pay our share
The time has come
A fact's a fact
It belongs to them
Let's give it back
How can we dance
When our earth is turning
How do we sleep
While our beds are burning
How can we dance
When our earth is turning
How do we sleep
While our beds are burning
The time has come
To say fair's fair
To pay the rent now
To pay our share
The time has come
A fact's a fact
It belongs to them
We're gonna give it back
How can we dance
When our earth is turning
How do we sleep
While our beds are burning
#MidnightOil #BedsAreBurning #DieselandDust

Midnight Oil – Beds Are Burning (Official Video)
Midnight Oil's official music video for 'Beds Are Burning', from “Diesel and Dust”.
Make sure to SUBSCRIBE for everything MIDNIGHT OIL
Listen to MIDNIGHT OIL here: https://smarturl.it/MidnightOilListen
Follow MIDNIGHT OIL online:
Website: https://www.midnightoil.com/
Facebook: https://www.facebook.com/midnightoilofficial
Twitter: https://twitter.com/midnightoilband
Instagram: https://www.instagram.com/midnightoilband/
---------
Lyrics:
Out where the river broke
The blood-wood and the desert oak
Holden wrecks and boiling diesels
Steam in forty-five degrees
The time has come
To say fair's fair
To pay the rent
To pay our share
The time has come
A fact's a fact
It belongs to them
Let's give it back
How can we dance
When our earth is turning
How do we sleep
While our beds are burning
How can we dance
When our earth is turning
How do we sleep
While our beds are burning
The time has come
To say fair's fair
To pay the rent
Now to pay our share
Four wheels scare the cockatoos
From Kintore East to Yuendemu
The western desert lives and breathes
In forty-five degrees
The time has come
To say fair's fair
To pay the rent
To pay our share
The time has come
A fact's a fact
It belongs to them
Let's give it back
How can we dance
When our earth is turning
How do we sleep
While our beds are burning
How can we dance
When our earth is turning
How do we sleep
While our beds are burning
The time has come
To say fair's fair
To pay the rent now
To pay our share
The time has come
A fact's a fact
It belongs to them
We're gonna give it back
How can we dance
When our earth is turning
How do we sleep
While our beds are burning
#MidnightOil #BedsAreBurning #DieselandDust

Chad Cooke Band - Oil Man (Official Music Video)

The Official Music Video for "OIL MAN" by Chad Cooke Band.
DOWNLOAD 'Oil Man' on iTUNES: https://itunes.apple.com/us/album/easy-way-home/id1141930274
DOWNLOAD...

The Official Music Video for "OIL MAN" by Chad Cooke Band.
DOWNLOAD 'Oil Man' on iTUNES: https://itunes.apple.com/us/album/easy-way-home/id1141930274
DOWNLOAD the NEW SINGLE "Whatever It Takes" on iTunes: https://itunes.apple.com/cy/album/whatever-it-takes-single/1435358306
FOLLOW Chad Cooke Band:
https://www.facebook.com/chadcookeband

The Official Music Video for "OIL MAN" by Chad Cooke Band.
DOWNLOAD 'Oil Man' on iTUNES: https://itunes.apple.com/us/album/easy-way-home/id1141930274
DOWNLOAD the NEW SINGLE "Whatever It Takes" on iTunes: https://itunes.apple.com/cy/album/whatever-it-takes-single/1435358306
FOLLOW Chad Cooke Band:
https://www.facebook.com/chadcookeband

OIL - Better Off Dead (Oil a Band From Tempe, AZ)

OIL:
1. Thawed
2. Better Off Dead
3. Beat Me
OIL was a band from Tempe, AZ.
Dunno anything about them. Just a FAN.
Saw them in concert once and then vanished.
...

OIL:
1. Thawed
2. Better Off Dead
3. Beat Me
OIL was a band from Tempe, AZ.
Dunno anything about them. Just a FAN.
Saw them in concert once and then vanished.
I haven't found anything of them (not even youtube)
Here's a good cassette with three tracks recorded in 1996.
Have played this tape so many times that sounds a little old now.
My Apologies.
I do not own anything of copyrights.
Just wanted to show what we missed of this band that should've made it BIG!!!!

OIL:
1. Thawed
2. Better Off Dead
3. Beat Me
OIL was a band from Tempe, AZ.
Dunno anything about them. Just a FAN.
Saw them in concert once and then vanished.
I haven't found anything of them (not even youtube)
Here's a good cassette with three tracks recorded in 1996.
Have played this tape so many times that sounds a little old now.
My Apologies.
I do not own anything of copyrights.
Just wanted to show what we missed of this band that should've made it BIG!!!!

How the Coronavirus Caused Oil Prices to Drop Below Zero

May.08 -- Covid-19 brought the global economy to a screeching halt. One industry hit hard and fast is oil. The coronavirus, oversupply, leverage and techniclas all played a part in the historic catastrophe that came to a head on April 20th. Bloomberg's Alix Steel explains.

Alberta premier responds to “oil is dead” remarks by May, Blanchet

During Alberta's Thursday COVID-19 briefing, Premier Jason Kenney responded to Green Party MP Elizabeth May and Bloc Québécois Leader Yves-François Blanchet’s comments on the oil industry, which May called “dead” on Wednesday.
With the price of oil plummeting during the coronavirus pandemic, Kenney’s message to the politicians was, “Please stop kicking us while we’re down,” and labelled the remarks as “divisive” and “un-Canadian.”
Canadian Prime Minister Justin Trudeau said in an earlier press conference that he rejected the claim made by the Green Party MP and the Bloc Quebecois leader that "oil is dead" and that the industry should get no further government support amid the coronavirus pandemic, as May had previously said.
For more info, please go to https://globalnews.ca/news/6915264/justin-trudeau-oil-industry-future/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#Alberta #Canada #JasonKenney #GlobalNews

Brent Crude Oil Price Analysis May 2020 | Is the Worst Over?

Brent oil jumped today after Saudi Arabia raised prices for refiners globally. This has been interpreted by many as a strong bullish sign for the Brent oil price and the end of the volatile period we’ve had in the last months.
But can the markets be certain of this? Watch as we look at all the factors at play right now and impacting the Brent oil chart and make an informed decision on your trades.
Futures in London added as much as 7.1%, moving beyond $31 a barrel, while U.S. crude futures rose 10%. State-run Saudi Aramco, which earlier this year initiated a price war by offering massive discounts on crude, has raised prices on all the grades for June. The move comes as the kingdom and its OPEC+ partners embark on sharp production cuts in a bid to rebalance a glutted market.
The OPEC+ coalition that includes Russia started implementing daily output cuts of almost 10 million barrels a day on May 1. The move follows a record build-up in inventories as demand was ravaged by the coronavirus outbreak that has seen oil tanks filling up globally. There have been tentative signs of a recovery in consumption in both the U.S. and China, and Aramco’s pricing is the clearest signal yet that demand is starting to grow again.
Forecasts of the hit to global oil consumption have varied widely, with some estimates topping 30 million barrels a day, or 30% of demand. Still, in recent days there have been reports from Poland to Germany and Florida that demand for fuel -- particularly gasoline -- is starting to pick up.
Some of the biggest moves in Saudi oil pricing came for European and Mediterranean refineries, the main market for Russia crude, in what appears to be a nod to the Kremlin after Riyadh and Moscow agreed last month to work together again as part of the OPEC+ alliance. Prices in those regions were hiked by between $5.80 and $7.50 for June, according to the price list.
Watch the full video for our take on the Brent oil price forecast and what the Brent oil price chart analysis in May 2020 might look like. And let us know what you think in the comments.
If you liked our Brent oil price technical analysis, please don’t forget to give it a thumbs up! And for more on the latest Brent oil price news, be sure to subscribe to the Capital.com channel!
#Brent
#BrentOil
#BrentOilPrice
***
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Coronavirus outbreak: "Oil is dead" in the wake of COVID-19 pandemic, Elizabeth May says

Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Already the federal government has invested $1.7 billion in funding for B.C., Alberta and Saskatchewan natural resource firms to hire energy workers to restore and reclaim well sites.
It comes on the heels of years of devastation in the Alberta oil and gas sector caused by low crude prices and difficulty getting resources to market, combined more recently with the economic shutdown of the coronavirus pandemic and a global price war between Russia and Saudi Arabia.
Alberta Premier Jason Kenney has warned one in four Albertans could end up out of work as the pandemic crisis continues and offered similar remarks last month urging the federal government to do more.
For more info, please go to https://globalnews.ca/news/6907183/orphan-well-cleanup-program/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #cdnpoli #coronavirus #covid19

Justin Trudeau says he disagrees with Elizabeth May, Yves Blanchet that "oil is dead" in Canada

Speaking to reporters outside Rideau Cottage in Ottawa on Thursday, Prime Minister Justin Trudeau said he disagreed with comments made by Green Party MP Elizabeth May on Wednesday, and supported by Bloc Quebois leader Yves Blanchet, that "oil is dead" in the wake of the COVID-19 pandemic.
Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Bloc Québécois Yves-François Blanchet in a later press conference said he agreed with Green Party MP Elizabeth May's previous statement that "oil is dead" and added that in his opinion, the Alberta tar sands are not just "dead" but "condemned."
For more info, please go to https://globalnews.ca/news/6915264/justin-trudeau-oil-industry-future/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #cdnpoli #codi19 #coronavirus #abnews

Full oil tankers idle outside U.S. port as industry reels from pandemic

Although they are beginning to rebound, oil prices saw a record drop in April as stay-at-home orders forced millions off the roads and backed up crude oil supply chains. Carter Evans visited the U.S.’s largest port, where dozens of oil tankers sat idle with nowhere to unload. An oil industry expert said that all of the California refineries the oil was meant for were simply full, but when the country starts up again, workers may be scrambling to keep up with the spike in demand.
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Oil Extends Recovery on Optimism Supply Cuts Will Trim Glut

May.05 -- Oil has extended gains into a sixth day as a recovery from last month’s epic plunge accelerates. This comes as production cuts have started to whittle down the supply glut and more economies ease their coronavirus lockdowns. Bloomberg’s James Thornhill reports on “Bloomberg Daybreak: Asia.”

The main character is James Arnold Ross Jr., nicknamed Bunny, son of an oil tycoon. Bunny's sympathetic feelings toward oilfield workers and socialists provoke arguments with his father throughout the story.

Characters

James Arnold Ross (aka Dad): is a self-made oil millionaire.

James Arnold "Bunny" Ross, Jr.: the protagonist, is the only son of a self-made oil millionaire.

Paul Watkins: a farmer's son who runs away from home, is tutored by a free thinker, and becomes an advocate for the rights of laborers. After spending time in Siberia after World War I, he sympathizes with Bolshevism and becomes a Communist.

How the Coronavirus Caused Oil Prices to Drop Below Zero

May.08 -- Covid-19 brought the global economy to a screeching halt. One industry hit hard and fast is oil. The coronavirus, oversupply, leverage and techniclas all played a part in the historic catastrophe that came to a head on April 20th. Bloomberg's Alix Steel explains.

Alberta premier responds to “oil is dead” remarks by May, Blanchet

During Alberta's Thursday COVID-19 briefing, Premier Jason Kenney responded to Green Party MP Elizabeth May and Bloc Québécois Leader Yves-François Blanchet’s comments on the oil industry, which May called “dead” on Wednesday.
With the price of oil plummeting during the coronavirus pandemic, Kenney’s message to the politicians was, “Please stop kicking us while we’re down,” and labelled the remarks as “divisive” and “un-Canadian.”
Canadian Prime Minister Justin Trudeau said in an earlier press conference that he rejected the claim made by the Green Party MP and the Bloc Quebecois leader that "oil is dead" and that the industry should get no further government support amid the coronavirus pandemic, as May had previously said.
For more info, please go to https://globalnews.ca/news/6915264/justin-trudeau-oil-industry-future/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#Alberta #Canada #JasonKenney #GlobalNews

Brent Crude Oil Price Analysis May 2020 | Is the Worst Over?

Brent oil jumped today after Saudi Arabia raised prices for refiners globally. This has been interpreted by many as a strong bullish sign for the Brent oil price and the end of the volatile period we’ve had in the last months.
But can the markets be certain of this? Watch as we look at all the factors at play right now and impacting the Brent oil chart and make an informed decision on your trades.
Futures in London added as much as 7.1%, moving beyond $31 a barrel, while U.S. crude futures rose 10%. State-run Saudi Aramco, which earlier this year initiated a price war by offering massive discounts on crude, has raised prices on all the grades for June. The move comes as the kingdom and its OPEC+ partners embark on sharp production cuts in a bid to rebalance a glutted market.
The OPEC+ coalition that includes Russia started implementing daily output cuts of almost 10 million barrels a day on May 1. The move follows a record build-up in inventories as demand was ravaged by the coronavirus outbreak that has seen oil tanks filling up globally. There have been tentative signs of a recovery in consumption in both the U.S. and China, and Aramco’s pricing is the clearest signal yet that demand is starting to grow again.
Forecasts of the hit to global oil consumption have varied widely, with some estimates topping 30 million barrels a day, or 30% of demand. Still, in recent days there have been reports from Poland to Germany and Florida that demand for fuel -- particularly gasoline -- is starting to pick up.
Some of the biggest moves in Saudi oil pricing came for European and Mediterranean refineries, the main market for Russia crude, in what appears to be a nod to the Kremlin after Riyadh and Moscow agreed last month to work together again as part of the OPEC+ alliance. Prices in those regions were hiked by between $5.80 and $7.50 for June, according to the price list.
Watch the full video for our take on the Brent oil price forecast and what the Brent oil price chart analysis in May 2020 might look like. And let us know what you think in the comments.
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#Brent
#BrentOil
#BrentOilPrice
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Justin Trudeau says he disagrees with Elizabeth May, Yves Blanchet that "oil is dead" in Canada

Speaking to reporters outside Rideau Cottage in Ottawa on Thursday, Prime Minister Justin Trudeau said he disagreed with comments made by Green Party MP Elizabeth May on Wednesday, and supported by Bloc Quebois leader Yves Blanchet, that "oil is dead" in the wake of the COVID-19 pandemic.
Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Bloc Québécois Yves-François Blanchet in a later press conference said he agreed with Green Party MP Elizabeth May's previous statement that "oil is dead" and added that in his opinion, the Alberta tar sands are not just "dead" but "condemned."
For more info, please go to https://globalnews.ca/news/6915264/justin-trudeau-oil-industry-future/
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Peppy and perfect, Peppermint essential oil is an all-time favorite!
Looking for Peppermint essential oil uses? When it comes to this peppy oil, there’s almost too many to count. But we’ll give you eight to get you started!
To learn more and purchase Peppermint essential oil here: https://bit.ly/2RX2JfB
For more glimpses into the fun, excitement, and connection that being a Young Living member brings, subscribe to see more videos like this!
Want more? Follow us on our social media to get great DIY projects, tips on using our essential oils, and the next events that you can be a part of!
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Oil Extends Recovery on Optimism Supply Cuts Will Trim Glut

May.05 -- Oil has extended gains into a sixth day as a recovery from last month’s epic plunge accelerates. This comes as production cuts have started to whittle down the supply glut and more economies ease their coronavirus lockdowns. Bloomberg’s James Thornhill reports on “Bloomberg Daybreak: Asia.”

Explained: If crude oil is so cheap, why is my petrol still expensive? | ABC News

This is the second instalments on our series examining the falling oil price.
We’ve already looked at why the price of crude has dropped so sharply in recent weeks: https://youtu.be/mkhjar-XWHE
Now Phil Lasker takes us through how that translates at the pump and in some cases why it doesn't.
Read more here: https://www.abc.net.au/news/2020-05-04/petrol-prices-fall-across-canberra-after-threat-to-cap-profits/12210154
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Coronavirus outbreak: "Oil is dead" in the wake of COVID-19 pandemic, Elizabeth May says

Speaking to reporters in Ottawa on Wednesday, Green Party MP and former party leader Elizabeth May said the economic shock from the COVID-19 pandemic on both the global economy and on Canada, specifically on the energy sector, proves that "oil is dead" as a backstop economic commodity, and that smart nations will use the opportunity to pursue greater investment in green energy.
Already the federal government has invested $1.7 billion in funding for B.C., Alberta and Saskatchewan natural resource firms to hire energy workers to restore and reclaim well sites.
It comes on the heels of years of devastation in the Alberta oil and gas sector caused by low crude prices and difficulty getting resources to market, combined more recently with the economic shutdown of the coronavirus pandemic and a global price war between Russia and Saudi Arabia.
Alberta Premier Jason Kenney has warned one in four Albertans could end up out of work as the pandemic crisis continues and offered similar remarks last month urging the federal government to do more.
For more info, please go to https://globalnews.ca/news/6907183/orphan-well-cleanup-program/
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Price of a barrel of oil crashes to historic low - with some trading at minus

US oil prices have collapsed to historic lows which have sent share prices plunging, as Siobhan Kennedy reports from Washington. (Subscribe: https://bit.ly/C4_News_Subscribe)
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Midnight Oil - Beds Are Burning (Official Video)

Midnight Oil – Beds Are Burning (Official Video)
Midnight Oil's official music video for 'Beds Are Burning', from “Diesel and Dust”.
Make sure to SUBSCRIBE for everything MIDNIGHT OIL
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Lyrics:
Out where the river broke
The blood-wood and the desert oak
Holden wrecks and boiling diesels
Steam in forty-five degrees
The time has come
To say fair's fair
To pay the rent
To pay our share
The time has come
A fact's a fact
It belongs to them
Let's give it back
How can we dance
When our earth is turning
How do we sleep
While our beds are burning
How can we dance
When our earth is turning
How do we sleep
While our beds are burning
The time has come
To say fair's fair
To pay the rent
Now to pay our share
Four wheels scare the cockatoos
From Kintore East to Yuendemu
The western desert lives and breathes
In forty-five degrees
The time has come
To say fair's fair
To pay the rent
To pay our share
The time has come
A fact's a fact
It belongs to them
Let's give it back
How can we dance
When our earth is turning
How do we sleep
While our beds are burning
How can we dance
When our earth is turning
How do we sleep
While our beds are burning
The time has come
To say fair's fair
To pay the rent now
To pay our share
The time has come
A fact's a fact
It belongs to them
We're gonna give it back
How can we dance
When our earth is turning
How do we sleep
While our beds are burning
#MidnightOil #BedsAreBurning #DieselandDust

Chad Cooke Band - Oil Man (Official Music Video)

The Official Music Video for "OIL MAN" by Chad Cooke Band.
DOWNLOAD 'Oil Man' on iTUNES: https://itunes.apple.com/us/album/easy-way-home/id1141930274
DOWNLOAD the NEW SINGLE "Whatever It Takes" on iTunes: https://itunes.apple.com/cy/album/whatever-it-takes-single/1435358306
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OIL - Better Off Dead (Oil a Band From Tempe, AZ)

OIL:
1. Thawed
2. Better Off Dead
3. Beat Me
OIL was a band from Tempe, AZ.
Dunno anything about them. Just a FAN.
Saw them in concert once and then vanished.
I haven't found anything of them (not even youtube)
Here's a good cassette with three tracks recorded in 1996.
Have played this tape so many times that sounds a little old now.
My Apologies.
I do not own anything of copyrights.
Just wanted to show what we missed of this band that should've made it BIG!!!!